PIMCO RAE Emerging Markets Fund
PIMCO Equity Series · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
PIMCO RAE Emerging Markets Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
The Fund seeks long-term capital appreciation.
The fund invests in stocks economically tied to emerging market countries selected by its sub-adviser using the RAE methodology, a rules-based model that screens for quantitative signals of higher expected returns such as value, quality, and momentum, then weights holdings by fundamental measures of company size including sales, cash flow, dividends, and book value. The fund rebalances positions periodically to target weights, reflecting a value orientation, and the sub-adviser provides the constituents and target weights without portfolio manager discretion over allocations. Because actual positions drift from target weights as market prices change, the fund's holdings may diverge from the RAE Emerging Markets Portfolio between rebalancing dates.
| Share class | Gross | Net |
|---|---|---|
| PEIFX | 0.76% | 0.75% |
| PEPFX | 0.86% | 0.85% |
| PEAFX | 1.11% | 1.10% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 48.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.60% |
| Cash & short-term | 1.87% |
Latest quarter
What changed since the fund's previous filing
Largest new: Vale SA, China Petroleum & Chemical Corp, Lenovo Group Ltd, Petroleo Brasileiro SA - Petrobras, PetroChina Co Ltd, ASE Technology Holding Co Ltd, United Microelectronics Corp, Evergreen Marine Corp Taiwan Ltd
Largest exited: PETROBRAS (PETROLEO BRASILEIRO SA), VALE SA, PETROCHINA COMPANY LIMITED, CHINA PETROLEUM & CHEMICAL CORP (AKA: SINOPEC), EVERGREEN MARINE CORP TAIWAN LTD, PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD, VALTERRA PLATINUM LIMITED, AMERICA MOVIL SAB DE CV
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +41.99% | +77.90% | +69.98% | 14.76% | -10.52% | |
| +41.93% | +77.44% | +69.16% | 14.76% | -10.41% | |
| +41.43% | +76.06% | +67.08% | 14.75% | -10.55% |
These classes hold the same portfolio, so the 2.90pp spread over 5 years is the cost difference between them — roughly 0.58pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Vale SA | 4.11% | $15.09 | $113.54M | 7.5M |
| — | China Petroleum & Chemical Corp | 3.57% | $0.5108 | $98.69M | 193.2M |
| — | Lenovo Group Ltd | 3.54% | $2.97 | $97.95M | 33.0M |
| — | Petroleo Brasileiro SA - Petrobras | 3.35% | $7.32 | $92.52M | 12.6M |
| — | PetroChina Co Ltd | 3.13% | $1.08 | $86.69M | 80.3M |
| — | ASE Technology Holding Co Ltd | 3.09% | $22.32 | $85.49M | 3.8M |
| — | United Microelectronics Corp | 2.77% | $5.36 | $76.51M | 14.3M |
| — | Evergreen Marine Corp Taiwan Ltd | 2.69% | $5.81 | $74.56M | 12.8M |
| — | Innolux Corp | 2.27% | $2.21 | $62.68M | 28.3M |
| — | Ping An Insurance Group Co of China Ltd | 2.17% | $6.54 | $59.89M | 9.2M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 30.68% of net assets, top 25 50.43%, across 307 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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